What is the purpose of the Addendum to the Franchise Agreement for the state of Maryland for Amerispec Inspection Services?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
mitations afforded a franchisee for bringing a claim arising under the Maryland Franchise Registration and Disclosure Law.
- E. Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three (3) years after the grant of the franchise.
ADDENDUM TO FRANCHISE AGREEMENT FOR THE STATE OF MARYLAND
This Addendum relates to franchises sold in the state of Maryland and is intended to comply with Maryland statutes and regulations. In consideration of the execution of the Franchise Agreement (the "Agreement"), TCB AMERISPEC, LLC (the "Company") and Franchisee agree to amend the Agreement as follows:
- Section 21 of the Agreement is amended by adding the following language:
"The Maryland Franchise Registration and Disclosure Law allows a Franchisee to bring a lawsuit in Maryland for claims arising under this Law."
- Section 16(04)(h) of the Agreement is amended by adding the following language:
"Pursuant to COMAR 02.02.08.16L, the general release required as a condition of renewal, sale, assignment and/or transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law."
- Section 20 of the Agreement is amended by adding a new paragraph (11):
"Any limitation on the period of time arbitration and/or litigation claims must be brought shall not act to reduce the three (3) year statute of limitations afforded a franchisee for bringing a claim arising under the Maryland Franchise Registration and Disclosure Law."
- Section 20 of the Agreement is amended by adding a new paragraph (12):
"Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three (3) years after the grant of the franchise."
- Section 24 of the Agreement is amended by adding the following language:
"The acknowledgments or representations of the franchisee which disclaim the occurrence and/or acknowledge the non-occurrence of acts that would constitute a violation of the Franchise Law are not intended to, nor shall they ace as a release, estoppels or waiver of, any liability incurred under the Maryland Franchise Registration and Disclosure Law."
- In all other respects, the Franchise Agreement will be construed and enforced according to its terms.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the Addendum to the Franchise Agreement for the state of Maryland is designed to ensure compliance with Maryland statutes and regulations. This addendum modifies specific sections of the standard franchise agreement to align with Maryland law, particularly the Maryland Franchise Registration and Disclosure Law. The addendum is agreed upon by both TCB AMERISPEC, LLC, and the franchisee.
Specifically, the addendum amends Section 21 of the agreement to explicitly state that a franchisee can bring a lawsuit in Maryland for claims arising under the Maryland Franchise Registration and Disclosure Law. It also amends Section 16(04)(h) to clarify that the general release required for renewal, sale, assignment, or transfer does not apply to liabilities under the Maryland Franchise Registration and Disclosure Law.
Furthermore, the addendum adds a new paragraph (11) to Section 20, ensuring that any limitations on arbitration or litigation claim periods do not reduce the three-year statute of limitations available to franchisees under Maryland law. Another paragraph (12) is added to Section 20 stating that any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within three years after the franchise is granted. Section 24 is amended to clarify that franchisee acknowledgments or representations do not act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law. In all other respects, the Franchise Agreement will be construed and enforced according to its terms.